Find a Financial Coach in your Local Region
You may find a financial coach in your local area by selecting from among the NFEC’s recognized nationwide team of consultants who have been stringently qualified to help you reach your unique financial objectives. Every coach in this network meets the industry’s toughest standards, and you can trust that they have a passion for helping people move down the path toward financial wellness and security.
NFEC financial coaches have the primary goal of providing education and guidance to people who seek to improve their financial profiles. Your success takes top priority on these coaches’ agendas, who will help you work toward financial health by providing personalized training, education, and support. Their role is to clarify your current situation using empirical financial analysis; discover your goals/needs; define clear milestones and priority actions; and provide education, guidance, and accountability.
Most often a financial coach only serves as a person to talk with. Compare the average coach to NFEC coaches, and you’ll find that the NFEC offers a wide scope of services intended to help you improve your financial position. We gathered recent data regarding what an average financial coach has to offer, by examining 137 webpages that turned up in the top 50 results in a Google search employing the keywords ‘financial counseling’ and ‘financial coaching.’ The data reported here were derived from the 26 sites which provided package and pricing information that was readily available on the page.
Contact with the coach was the primary service offered (by phone in every case, but some email options existed as well). Next was the provision of educational resources (such as training, coursework, or reference materials). Only a few of the 26 pages offered clients a customized Personal Financial Plan based on their personal situations; and two provided re-planning and reporting services (including adjustments to the initial plan, and separate reports indicating new data).
At the first phase, your financial coach will conduct an extensive discovery meeting during which he or she will assess your current financial standing, lifestyle needs, and future goals. Your complete financial profile will be examined, including your income streams, credit, assets and liabilities, and insurance – all the factors that go into your personal finance situation.
During this first phase it is essential for the financial coach to clarify all aspects of your financial health, so you can receive a comprehensive and detailed Personal Financial Plan Report. This report will be provided in writing, with priorities established and clear action steps identified. From that point forward, the coach will offer guidance and support as you work toward each milestone.
You move into Phase 3 – the maintenance phase – after you have a clear plan, your initial needs have been met, and our financial coaches have addressed the key areas where you can work toward building a solid financial base. Now your coach can transition into more of a supportive role, allowing you the leeway to make your own decisions but supporting and guiding you when you require assistance.
Your financial coach also offers continuing education upon request, and keeps you informed of any changes to the financial landscape and marketplace that may affect your personal situation. The coach will remind you of deadlines and key dates, and offer you resources to aid with decision-making – remaining fully available as you reach important life stage events where timely choices must be made.